Rabat - A large number of counterfeit banknotes is circulating in Morocco’s major cities.
Rabat – A large number of counterfeit banknotes is circulating in Morocco’s major cities.
A large amount of fake currency consisting mainly of 100 and 200 dirham bills has proliferated in some of Morocco’s major cities, according to a source cited by the daily Al Massae on Tuesday, October 27.
The massive flow of fake money has been denounced by several merchants and nightclubs who have received the counterfeit banknotes from customers.
Fraudulent bills have been largely circulating in the Derb Omar neighborhood in Casablanca, according to several business managers, gas station operators, and local residents.
The same source reported that special unit police investigators said that the recent invasion of faux bills is an attempt to “sabotage the national economy.”
Detecting counterfeit money is becoming more and more challenging due to the advanced technology used to print the bills, which has created ways to produce impressively real-looking ink and designs.
Networks which pirate the banknotes are composed of young people with top skills who apparently are not regarded as criminals by the police, according to the same source.
These networks reportedly move large sums of money — more than two million fake bills have been identified in Morocco. Investigators suspect that foreign networks could be targeting Morocco’s economic stability and may be responsible for the rapid proliferation of this monetary fraud.